JK Lakshmi Cement's Q1FY17 numbers were above our expectations. Revenues in Q1FY17 increased 31.6% YoY to | 777.2 crore (above I-direct estimate of | 683.8 crore) led by 27.7% YoY increase in volumes (due to a pick-up in demand and 100% capacity utilisation of new Durg capacity). Further, realisation in the quarter...